Overview
What is Alabama Baptist Retirement Centers Inc?
Alabama Baptist Retirement Centers Inc is a nonprofit organization situated in Prattville, Alabama. Their primary focus is to provide affordable housing options for senior citizens, with a particular emphasis on low-income individuals. Beyond housing, they strive to serve the elderly community in three significant ways: directly through their own retirement facilities, indirectly by supporting churches in establishing and strengthening senior ministries in other retirement homes, and educationally by raising awareness about the needs of the elderly in churches and associations. With a dedicated team of nine employees, Alabama Baptist Retirement Centers Inc is committed to enhancing the lives of senior citizens in a compassionate and supportive manner.
Official website here: www.albrc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating. This rating reflects the organization’s strong performance in Accountability and Finance, indicating that Alabama Baptist Retirement Centers Inc manages its resources effectively. The high score suggests that the charity is committed to transparency and responsible financial practices.
The organization has received full marks for several key governance aspects, including having a fully independent board and maintaining a strong audit and oversight committee. Additionally, they have demonstrated a low liability to assets ratio of 7.06% and an impressive program expense ratio of 97.25%, showcasing their dedication to programmatic spending over administrative costs.
However, there are some areas for improvement. The lack of a whistleblower policy, a document retention policy, and the failure to post their tax form on their website are noted weaknesses. Addressing these issues could enhance their governance framework and overall accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama Baptist Retirement Centers Inc legitimate?
Alabama Baptist Retirement Centers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Baptist Retirement Centers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $377,915
For more financial information, click here
Official website here: www.albrc.com
What is the mission statement of Alabama Baptist Retirement Centers Inc?
The Alabama Baptist Retirement Centers Inc, as per its mission, focuses on serving the elderly population in three key areas. Firstly, they directly cater to the elderly in their own retirement facilities. Secondly, they support churches in setting up and strengthening ministries for the elderly in local retirement homes. Lastly, they provide educational programs in churches and associations to raise awareness about the needs of the elderly. Their primary mission, however, is to offer quality, affordable housing to senior citizens, as stated in their mission description. They accomplish this through apartment rentals and the management and sponsorship of low-income elderly housing.
Official website here: www.albrc.com
Who is the CEO of Alabama Baptist Retirement Centers Inc?
Charlotte Crane is the Director of Alabama Baptist Retirement Centers Inc.
Official website here: www.albrc.com
What is the revenue of Alabama Baptist Retirement Centers Inc?
Alabama Baptist Retirement Centers Inc's revenue in 2022 was $990,408.
Official website here: www.albrc.com
Who are the executives of Alabama Baptist Retirement Centers Inc and what are their salaries?
The average compensation at Alabama Baptist Retirement Centers Inc during 2022 was $41,991. There are 9 employees at Alabama Baptist Retirement Centers Inc.
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Official website here: www.albrc.com
Where can I find the form 990 for Alabama Baptist Retirement Centers Inc?
Alabama Baptist Retirement Centers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albrc.com
Learn more at the official website: www.albrc.com
Mission Statement of Alabama Baptist Retirement Centers Inc
Alabama Baptist Retirement Centers Inc, a nonprofit organization, is committed to fulfilling its mission of providing high-quality, affordable housing for senior citizens who fall under the low-income bracket. The organization actively seeks to serve the elderly population in three distinct ways: directly by offering care in their own retirement facilities, indirectly by assisting churches in establishing and strengthening ministries in area retirement homes, and educationally by conducting programs that highlight the needs of the elderly within churches and associations. By focusing on these three areas, Alabama Baptist Retirement Centers Inc aims to make a significant impact in the lives of elderly individuals, ensuring they live with dignity and comfort.
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Impact
July, 2024
Alabama Baptist Retirement Centers Inc makes a significant impact by providing quality low-income housing to senior citizens. They not only offer apartment rentals to senior citizens but also manage and sponsor quality low-income elderly housing. Their mission to minister to the elderly through various avenues, including directly on their own campuses of care, indirectly by assisting churches in establishing and strengthening ministries in area retirement facilities, and educationally by offering programs that highlight the needs of the elderly, demonstrates their commitment to improving the lives of seniors in the community. Their focus on housing ensures that seniors have access to affordable and comfortable living arrangements, enhancing their overall quality of life.
This information is meant to be a general summary of Alabama Baptist Retirement Centers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $108,618
- Program Service Revenue: $146,280
- Gross Receipts: $990,408
Assets and Liabilities:
- Total Assets: $3,907,909
- Total Liabilities: $275,963
- Net Assets: $3,631,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$133,380
ACCOUNTING FEES
Revenue
$12,900
Organization Details
Founding Year
1975
Phone
(334) 288-2460Principal Officer
Charlotte Crane
Main Address
PO BOX 681970, PRATTVILLE, AL, 36068
Website
www.albrc.comNTEE Category
Code: L220 - Housing
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